Latest news with #CLS
Yahoo
an hour ago
- Business
- Yahoo
CLS Outpaces Industry in the Past 3 Months: Reason to Buy the Stock? (Revised)
Celestica Inc. CLS has gained 24.3% over the past three months compared with the industry's growth of 15.4%. It has also outperformed peers like Flex Ltd. FLEX and Jabil Inc. JBL. Flex has gained 17.3% and Jabil is up 14.7% over this period. With more than two decades of experience in manufacturing backed by a simplified and global network, Celestica is committed to delivering next-generation, cloud-optimized data storage and industry-leading networking AI (artificial intelligence) solutions to help customers balance performance, power efficiency and space as technologies evolve. Operating primarily as a behind-the-scenes partner for other electronics businesses, it is among the lesser-known winners of the AI revolution. The Toronto, Canada-based company offers a one-stop shop for the electronics market, encompassing design, manufacturing and supply chain management. Three-Month CLS Stock Price Performance Image Source: Zacks Investment Research Celestica has benefited from the ongoing generative AI (GenAI) boom, thanks to the solid demand trends for AI/ML (machine learning) compute and networking products from hyperscale customers. It has launched a high-performance 800G family of network switches, which are vital for data centers that power AI applications and storage solutions like the SC6100 controller and SD6200 platform (which provide efficient and scalable data storage for AI). This transformational solution provides a foundational technology to advance AI while maintaining scalable, sustainable and profitable business such innovative products, the company has recorded solid revenue growth over the years. The data center switches combined with optical transceivers have the potential to handle and sustain high volumes of both inbound and outbound network traffic and cater to the demand for data center bandwidth for supporting AI/ML and data analytics applications. Image Source: Zacks Investment Research Earnings estimates for Celestica for 2025 have moved up 5.7% to $5.05 over the past 60 days, while the same for 2026 has improved 2.4% to $6.07. The positive estimate revision depicts optimism about the stock's growth potential. Image Source: Zacks Investment Research Despite the healthy demand trends, Celestica remains skeptical of the dynamic macro environment owing to trade policy uncertainty. While the environment remains fluid with frequent policy adjustments, recent announcements have provided near-term clarity with the U.S. government offering temporary exemptions for key data center IT hardware, including servers and networking switches, which comprise the majority of its Connectivity & Cloud Solutions (CCS) segment. The company is collaborating with its customers to evaluate the evolving policy landscape and take necessary actions, clouding its near-term revenue prospects. Celestica remains plagued by margin woes. Its products are highly sophisticated and typically based on the latest technological innovations, which have historically led to high research and development costs. High operating expenses have contracted margins. This has dented CLS' prospects to some Celestica faces stiff competition from industry giants like Foxconn, Jabil, Flex and Sanmina Corporation. Several smaller companies operating at a regional level also intensify competition. The highly cyclical nature of the semiconductor industry further remains an overhang. Celestica is helping customers balance performance, power efficiency and space as technologies evolve. We believe that the company is well-positioned for sustained growth over the years, backed by its robust infrastructure investments, solid technology know-how and wide industry high operating expenses for highly technological products have hurt margins. Although CLS is currently witnessing intense volatility owing to challenging macroeconomic conditions, investors are likely to profit in the long run if they bet on this stock. With a Zacks Rank #3 (Hold), Celestia appears to be treading in the middle of the road, and investors could be better off if they trade with caution. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. (We are reissuing this article to correct a mistake. The original article, issued on June 2, 2025, should no longer be relied upon.) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Jabil, Inc. (JBL) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report Celestica, Inc. (CLS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Auto Express
2 days ago
- Automotive
- Auto Express
Three-car garage: a luxury car, hot hatch and an EV for the price of a new C-Class
We like the Mercedes C-Class here at Auto Express, thanks to its impressive on-board technology, stunning cabin design and solid range of engines - but even in its most basic C 200 form it costs £46,175. With this budget in mind, we studied the Auto Express classifieds to see what three cars we could get instead. If you want a Mercedes to ferry you up and down the country in stylish comfort, forget the C-Class – this CLS is what you want. At £25,000, it takes up a decent chunk of our budget, but as with the two generations that preceded it, this CLS is a real looker. The 3.0-litre V6 diesel engine is silky smooth with its power delivery, which will see you go from 0-62mph in just 5.7 seconds. Of course, motorway miles are where the CLS performs best, and with just over 61,000 miles on the clock this 2018 example has plenty more ahead of it. Advertisement - Article continues below If you've just missed this Mercedes CLS by the time you get here, you can find more great buys by clicking the link below... Used Mercedes CLS deals This week saw order books of the final Ford Focus ST fill up, meaning that with Focus production ending you can't get a new one anymore. That's a real shame because as with the Fiesta ST that bit the bullet a few years ago, the Focus ST has been one of the best hot hatches you could buy. The third-generation ST may have had its thunder stolen a little by the rambunctious RS model (like any other Focus ST), but with a 2.0-litre turbocharged four-cylinder motor sending 250bhp through the front wheels and a typically engaging Ford chassis underneath, it was a real hoot. This one from 2015 has only done 45,000 miles and with production of the current version ending, now could be the perfect time to buy. If you missed the opportunity to snap up this particular Ford Focus ST there are several more available through our Find a Car service... Used Ford Focus ST deals The two cars featured above offer very different things, although neither can really provide the urban runabout status some of us need. The Renault Zoe does this with aplomb, thanks to its zippy 94bhp electric motor and nimble, supermini handling. This version, with its 50kWh battery, also has a 238-mile range (almost as much as the new Renault 5) and comes with a surprisingly large 338-litre boot. If you weren't able to snap up this particular Renault Zoe in time, there are plenty of others available right now... Used Renault Zoe deals Tell us which new car you're interested in and get the very best offers from our network of over 5,500 UK dealers to compare. Let's go… Find a car with the experts 2026 Land Rover Defender updates look subtle, but they fix one huge annoyance for owners 2026 Land Rover Defender updates look subtle, but they fix one huge annoyance for owners Land Rover has introduced new, larger white-painted steel wheels for models with big brakes, fixing one massive irritation with the previous generatio… Car Deal of the Day: Hit the road in style with the electric BMW i4 for only £344 a month Car Deal of the Day: Hit the road in style with the electric BMW i4 for only £344 a month It may be a little overlooked these days, but the i4 is still a fine electric saloon. It's our Deal of the Day for 30 May New single-motor Skoda Enyaq SportLine 85 goes the distance with 356-mile range New single-motor Skoda Enyaq SportLine 85 goes the distance with 356-mile range More range for less from new Enyaq SportLine 85, which is £1,500 cheaper than 4WD model
Yahoo
2 days ago
- Business
- Yahoo
CLS Outpaces Industry in the Past 3 Months: Reason to Buy the Stock?
Celestica Inc. CLS has gained 24.3% over the past three months compared with the industry's growth of 15.4%. It has also outperformed peers like Flex Ltd. FLEX and Jabil Inc. JBL. Flex has gained 17.3% and Jabil is up 14.7% over this period. With more than two decades of experience in manufacturing backed by a simplified and global network, Celestica is committed to delivering next-generation, cloud-optimized data storage and industry-leading networking AI (artificial intelligence) solutions to help customers balance performance, power efficiency and space as technologies evolve. Operating primarily as a behind-the-scenes partner for other electronics businesses, it is among the lesser-known winners of the AI revolution. The Toronto, Canada-based company offers a one-stop shop for the electronics market, encompassing design, manufacturing and supply chain management. Three-Month CLS Stock Price Performance Image Source: Zacks Investment Research Celestica has benefited from the ongoing generative AI (GenAI) boom, thanks to the solid demand trends for AI/ML (machine learning) compute and networking products from hyperscale customers. In addition to the high-performance 800G family of network switches (which are vital for data centers that power AI applications) and storage solutions like the SC6100 controller and SD6200 platform (which provide efficient and scalable data storage for AI), Celestica offers Photonic Fabric – an optical compute and memory fabric solution capable of supercharging AI infrastructure. This transformational solution provides a foundational technology to advance AI while maintaining scalable, sustainable and profitable business such innovative products, the company has recorded solid revenue growth over the years. By integrating next-generation networking products with silicon photonics packaging solutions, Celestica aims to optimize supply chain solutions to reduce time to market. The data center switches combined with optical transceivers have the potential to handle and sustain high volumes of both inbound and outbound network traffic and cater to the demand for data center bandwidth for supporting AI/ML and data analytics applications. Image Source: Zacks Investment Research Earnings estimates for Celestica for 2025 have moved up 5.7% to $5.05 over the past 60 days, while the same for 2026 has improved 2.4% to $6.07. The positive estimate revision depicts optimism about the stock's growth potential. Image Source: Zacks Investment Research Despite the healthy demand trends, Celestica remains skeptical of the dynamic macro environment owing to trade policy uncertainty. While the environment remains fluid with frequent policy adjustments, recent announcements have provided near-term clarity with the U.S. government offering temporary exemptions for key data center IT hardware, including servers and networking switches, which comprise the majority of its Connectivity & Cloud Solutions (CCS) segment. The company is collaborating with its customers to evaluate the evolving policy landscape and take necessary actions, clouding its near-term revenue prospects. Celestica remains plagued by margin woes. Its products are highly sophisticated and typically based on the latest technological innovations, which have historically led to high research and development costs. High operating expenses have contracted margins. This has dented CLS' prospects to some Celestica faces stiff competition from industry giants like Foxconn, Jabil, Flex and Sanmina Corporation. Several smaller companies operating at a regional level also intensify competition. The highly cyclical nature of the semiconductor industry further remains an overhang. As the company scales up production volumes and costs go down, possible uses for silicon photonics are likely to soar across several industries, including automotive, data center and high-performance computing, telecommunications, medical, aerospace and defense. We believe that Celestica is well-positioned for sustained growth over the years, backed by its robust infrastructure investments, solid technology know-how and wide industry high operating expenses for highly technological products have hurt margins. Although CLS is currently witnessing intense volatility owing to challenging macroeconomic conditions, investors are likely to profit in the long run if they bet on this stock. With a Zacks Rank #3 (Hold), Celestia appears to be treading in the middle of the road, and investors could be better off if they trade with caution. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Jabil, Inc. (JBL) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report Celestica, Inc. (CLS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Celestica (CLS) Stock Falls Amid Market Uptick: What Investors Need to Know
Celestica (CLS) closed the latest trading day at $116.37, indicating a -1.48% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.4%. Elsewhere, the Dow gained 0.28%, while the tech-heavy Nasdaq added 0.39%. Prior to today's trading, shares of the electronics manufacturing services company had gained 38.4% over the past month. This has outpaced the Computer and Technology sector's gain of 11.04% and the S&P 500's gain of 6.69% in that time. The investment community will be closely monitoring the performance of Celestica in its forthcoming earnings report. In that report, analysts expect Celestica to post earnings of $1.23 per share. This would mark year-over-year growth of 35.16%. Meanwhile, our latest consensus estimate is calling for revenue of $2.65 billion, up 10.95% from the prior-year quarter. CLS's full-year Zacks Consensus Estimates are calling for earnings of $5.05 per share and revenue of $10.91 billion. These results would represent year-over-year changes of +30.15% and +13.15%, respectively. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Celestica. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Celestica holds a Zacks Rank of #3 (Hold). From a valuation perspective, Celestica is currently exchanging hands at a Forward P/E ratio of 23.38. For comparison, its industry has an average Forward P/E of 18.83, which means Celestica is trading at a premium to the group. The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 208, putting it in the bottom 16% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Celestica, Inc. (CLS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
6 days ago
- Business
- Yahoo
Argus Analyst Sees Celestica Inc. (NYSE:CLS) Benefiting From Diversification and AI Trends
Argus analyst Jim Kelleher recently lowered the price target on Celestica Inc. (NYSE:CLS) to $120 from $150 but kept a Buy rating on the shares after its Q1 earnings and revenue beat. CLS offers a range of product manufacturing and related supply chain services. In an investor note, the analyst noted that the company was benefiting from a portfolio diversification strategy focusing on high-growth, high-margin businesses as well as from trends in artificial intelligence and machine learning. Argus added that while shares had weakened on rotation away from companies who were participating in the generative AI revolution, the company's demand fundamentals appeared intact and margins were expanding. A close-up of a circuit board with components depicting the intricate electronic componentry products the company produces. During the latest earnings disclosure, the firm raised the full-year 2025 revenue outlook to $10.85 billion, reflecting 12% year-over-year growth, and increased the adjusted EPS target to $5.00. For Q2 2025, revenue is projected between $2.575 billion and $2.725 billion, with adjusted EPS guidance of $1.17 to $1.27. The adjusted operating margin is expected to reach 7.2% at the midpoint. While we acknowledge the potential of CLS, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CLS and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires Disclosure: None. Sign in to access your portfolio
